GAMMA Investing LLC Acquires 2,567 Shares of Lemonade, Inc. $LMND

GAMMA Investing LLC raised its position in Lemonade, Inc. (NYSE:LMND) by 407.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,197 shares of the company’s stock after acquiring an additional 2,567 shares during the quarter. GAMMA Investing LLC’s holdings in Lemonade were worth $140,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new stake in Lemonade in the first quarter valued at $26,000. NewEdge Advisors LLC acquired a new stake in Lemonade in the first quarter valued at $35,000. Hollencrest Capital Management acquired a new stake in Lemonade in the first quarter valued at $41,000. State of Wyoming acquired a new stake in Lemonade in the first quarter valued at $49,000. Finally, US Bancorp DE lifted its stake in Lemonade by 28.3% in the first quarter. US Bancorp DE now owns 2,406 shares of the company’s stock valued at $76,000 after acquiring an additional 531 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Lemonade Stock Down 1.6%

Shares of Lemonade stock opened at $53.51 on Wednesday. Lemonade, Inc. has a twelve month low of $15.27 and a twelve month high of $62.00. The company has a 50-day simple moving average of $51.20 and a two-hundred day simple moving average of $40.40. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of -18.91 and a beta of 2.28.

Lemonade (NYSE:LMND) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.60) earnings per share for the quarter, topping the consensus estimate of ($0.81) by $0.21. Lemonade had a negative net margin of 33.96% and a negative return on equity of 36.12%. The business had revenue of $164.10 million during the quarter, compared to analysts’ expectations of $160.88 million. During the same quarter in the previous year, the company earned ($0.81) EPS. The business’s revenue was up 34.5% on a year-over-year basis. Lemonade has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Lemonade, Inc. will post -3.03 earnings per share for the current fiscal year.

Insider Activity

In other Lemonade news, COO Adina Eckstein sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $49.00, for a total value of $245,000.00. Following the transaction, the chief operating officer directly owned 189,653 shares of the company’s stock, valued at $9,292,997. This trade represents a 2.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Sheldon Peters sold 2,718 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $50.34, for a total transaction of $136,824.12. Following the completion of the transaction, the insider directly owned 102,397 shares in the company, valued at approximately $5,154,664.98. This represents a 2.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,000 shares of company stock worth $396,020. Insiders own 12.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on LMND shares. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $26.00 price target (up previously from $22.00) on shares of Lemonade in a research note on Tuesday, July 1st. Piper Sandler increased their price target on shares of Lemonade from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, September 17th. Morgan Stanley restated an “underweight” rating on shares of Lemonade in a research note on Monday, August 18th. Wall Street Zen upgraded shares of Lemonade from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, BMO Capital Markets raised their target price on shares of Lemonade from $23.00 to $42.00 and gave the stock an “underperform” rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $41.14.

Lemonade Company Profile

Lemonade, Inc provides various insurance products through various channels in the United States, Europe, and the United Kingdom. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property.